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Sydney Trading Session Heads Up Tuesday, January 31, 2017

Sydney opening news digest

Is Wall Street starting to show Trump regret?

The stock market is still not far from all-time highs that it just set last week. But stocks have pulled back the past few days as investors are beginning to wonder if President Trump’s isolationist rhetoric will hurt Corporate America.

 

CEOs cheat sheet on how to please Trump

Learn from the pharma CEOs. These execs already know the X’s and O’s to pleasing President Trump when they came to the White House to talk about jobs.

 

Anthony Scaramucci: Trump adviser once called him a ‘hack’ with a ‘big mouth’

Anthony Scaramucci has gone from slamming Donald Trump on Fox to becoming a key conduit between the new president and the business world.

 

Under Armour under siege: Stock plunges 25%

Under Armour is facing tough competition from Nike and Adidas. And shares of the sneaker and athletic apparel company are on pace for their worst day ever.

 

Exxon profit falls 40% as cheap oil pain lingers

ExxonMobil said on Tuesday it suffered a 40% decline in fourth-quarter profits due largely to the “prolonged downturn” in oil prices.

 

Angela Merkel rejects trade accusations made by Trump adviser

The German chancellor has rejected claims made by Trump trade adviser Peter Navarro that Germany is using a “grossly undervalued” euro to take advantage of its trading partners.

 

British firms relocating to Ireland, more to follow: Irish minister

Some British-based financial services firms have already decided to relocate at least part of their operations to Ireland, and others are expected to follow suit in the first half of this year, Ireland’s financial services minister said on Tuesday.

 

Dollar set for worst January in 30 years after Trump, Navarro comments

The U.S. dollar tumbled against rivals on Tuesday and was on course for its worst January in three decades after President Donald Trump commented on currency devaluation by other countries and his trade adviser remarked on the euro.

 

HIGHLIGHTS-The Trump presidency on Jan 31 at 3:40 P.M. EST/2040 GMT

Highlights of the day for U.S. PresidentDonald Trump’s administration on Tuesday:

 

No ‘new London’ in EU after Brexit, says Irish central bank head

The head of the Irish central bank said on Tuesday that there will not be a “new London” in the European Union after Britain votes to leave the bloc.

 

Trump comments knock dollar to 2017 lows, clip stocks

The dollar tumbled on Tuesday, headed for its worst start to a year in over a decade, while stocks cemented their biggest losses in six weeks as U.S. President Donald Trump added uncertainty to the market following stringent curbs on travel to the United States.

 




EMERGING MARKETS-Brazil real weakens on prospects of cenbank intervention

The Brazilian real weakened onTuesday after the central bank hinted it could allow some of thecurrency swaps due in March to expire. The central bank currently holds $26.6 billion reais worthof currency swaps, which function like dollar sales to investorsfor future delivery, down from over $100 billion by late 2015. It halted the reduction of the outstanding swaps after thesurprise election victory of Donald Trump triggered marketvolatility. On Tuesday, central bank governor Ilan Goldfajn said thebank could resume the process as soon as next month after fullyrolling over the $6.4 billion worth of swaps maturing onWednesday. The real slipped 0.9 percent, the worst performingcurrency in Latin America. Other currencies seesawed as tradersavoided big bets ahead of the U.S. Federal Reserve’s policymeeting on Wednesday. Brazilian stocks rose 0.6 percent, rebounding from asharp drop the day before. Shares of pulp producer FibriaCelulose SA fell 5.5 percent a day after reporting aquarterly loss. Key Latin American stock indexes and currencies at 1800 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 910.57 -0.28 5.89 MSCI LatAm 2511.10 -0.43 7.75 Brazil Bovespa 64695.52 0.61 7.42 Mexico IPC 47002.94 -0.19 2.98 Chile IPSA 4200.59 -0.22 1.19 Chile IGPA 20997.20 -0.17 1.27 Argentina MerVal 18987.91 1.12 12.24 Colombia IGBC 10169.48 -0.37 0.41 Venezuela IBC 28109.65 -0.28 -11.34 Currencies daily % YTD % change change Latest Brazil real 3.1537 -0.88 3.03 Mexico peso 20.8600 -0.29 -0.56 Chile peso 646.9 0.09 3.68 Colombia peso 2920.2 0.18 2.78 Peru sol 3.276 0.49 4.21 Argentina peso (interbank) 15.8950 0.17 -0.13 Argentina peso (parallel) 16.59 0.66 1.39 (Reporting by Bruno Federowski; Editing by Jeffrey Benkoe)

 

UPDATE 1-No decision yet on Brazil 2019 inflation target, c.bank says

Brazil has not yet decidedwhether to change its 2019 inflation goal, the country’s centralbank governor said on Tuesday, as expectations grow that itcould cut it for the first time in a decade amid a sharpslowdown in price hikes.

 

Sterling rebounds to cap best January in six years

Sterling pounced on a wounded dollar on Tuesday, as it recovered from disappointing consumer credit data to cap its best January since 2011.

 

GLOBAL MARKETS-Trump comments knock dollar to 2017 lows, clip stocks

(Updates to U.S. market open, adds quote, data, changesdateline, previous LONDON)* Dollar set for worst start to year since 2006* Stocks cem

 

FOREX-Dollar plunges after Trump, Navarro signal push to weaken greenback

* Trump refers to currency devaluation by other countries* Trump trade adviser Navarro comments support euro* Dollar index set for worst mont

 

Wall Street Only Marginally Excited About ‘Drama Free’ India

Over the last several months, India has been the quiet emerging market in a storm of Chinese ‘hard landings’, Brazil and Russia recessions and Mexican ‘trade wars.’ No wonder it’s so darn expensive.

 

The St. Regis Mumbai – pg.1

The grand staircase cascading down to the lobby The Most Luxurious New Hotel in india: The St. Regis Mumbai – pg.1

 

Government Properties Income Trust Passes Through 9% Yield Mark

Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Government Properties Income Trust (NASD: GOV) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.72), with the stock changing hands as low as $19.11 on the day.

 

Tuesday Sector Leaders: Utilities, Healthcare

The best performing sector as of midday Tuesday is the Utilities sector, up 1.4%. Within that group, Public Service Enterprise Group Inc (NYSE: PEG) and NiSource Inc. (NYSE: NI) are two large stocks leading the way, showing a gain of 2.5% and 2.4%, respectively.

 

How Markets Are Reacting To The Trump Backlash

Since the election, investors cheered Trump’s pro-growth policies and bought risk-on assets such as U.S. stocks. Concurrently, they sold risk-off assets such as: Gold, Bonds, Yen, etc.

 

Donald Trump – pg.1

Name: Donald Trump Net worth: $4.5 billion After falling heavily in debt, his businesses filed for bankruptcies four times between 1991 and 2009.  But the real estate mogul reinvented himself into an international brand, and profited from later developments as well.  Donald Trump And Other Surprising Billionaire Comebacks – pg.1

 

Mercedes-Benz Is The Number One Premium Automaker: How It Happened

Mercedes-Benz lost its title of the world’s largest-selling luxury automaker in 2005 to BMW, and then went on to lose the second spot to Audi in 2011. Mercedes then decided to take on a product strategy, where it aimed to launch new models to become the world’s largest premium automaker again.

 




AT&T Named Top Dividend Stock With Insider Buying and 4.69% Yield

So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is AT&T Inc (NYSE: T), which saw buying by Director Geoffrey Y. Yang.

 

Walmart Is Looking To Provide Car Buying Services

WalMart is looking to partner with dealership groups to set up kiosks that will help customers buy cars. CarSaver, an online auto retail platform, will set up these kiosks in Walmart Supercenters. CarSaver enables shoppers to select, finance and insure a vehicle on a touch screen kiosk.

 

Goodbye Dow 20,000: The Trump Rally Is Running On Fumes

Investors still like U.S. Treasury bonds as safe haven, but a runaway dollar may be running low on fumes…along with this rally. Here’s why.

 

Frenemies forever? – pg.1

The U.S. and China rarely see eye to eye.  The U.S. wants China to invest more in the American economy, but to do so it demands China reform its markets and respect intellectual property. On July 9 and 10, Treasury Secretary Jacob Lew and Secretary of State John Kerry traveled to Beijing to discuss a bilateral investment treaty. A treaty, praised by U.S. corporations, is still around three years away, according to Lew. That hasn’t stopped China from investing in the American economy. Here are the top 10 states where Chinese corporations are spending their money on acquisitions and greenfield projects.  All data from The Rhodium Group.  Where China Invests In America – pg.1

 

Nintendo is Now Oversold

In trading on Tuesday, shares of Nintendo Limited (OTC: NTDOY) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $24.40 per share.

 

United Parcel Service is Now Oversold

In trading on Tuesday, shares of United Parcel Service Inc (NYSE: UPS) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $108.68 per share.

 

Starbucks Enters Oversold Territory (SBUX)

In trading on Tuesday, shares of Starbucks Corp. (NASD: SBUX) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $55.18 per share.

 

Meet The CEO Building A $75 Million Global Landmark For African American History

I spoke with CEO Michael Boulware Moore about the vision behind the International African American Museum, rethinking history, and the importance of expanding our global perspective of the black experience.

 

Relative Strength Alert For Harley-Davidson

But making Harley-Davidson Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of HOG entered into oversold territory, changing hands as low as $54.75 per share.

 

Exxon Mobil Stock Crowded With Sellers

In trading on Tuesday, shares of Exxon Mobil Corp (NYSE: XOM) entered into oversold territory, changing hands as low as $83.13 per share.

 

Trump Is Taking On Big Economic Challenges, Few Are As Troublesome As Trump Himself

“Anyone who tells you they have a clean read on what Trump will do is falling victim to what the market did after the election.”

 

January 2018 Options Now Available For Praxair

Investors in Praxair Inc (NYSE: PX) saw new options begin trading today, for the January 2018 expiration.

 




How To Invest In Emerging Markets Now

For investors seeking greater exposure to domestic demand with their emerging market investments, the small cap universe offers more exposure to the consumer discretionary, healthcare and real estate sectors than the large cap index, with less emphasis on the financial and energy sectors.

 

Baker Hughes About To Put More Money In Your Pocket

Looking at the universe of stocks we cover at Dividend Channel, on 2/2/17, Baker Hughes Inc. (NYSE: BHI) will trade ex-dividend, for its quarterly dividend of $0.17, payable on 2/17/17.

 

Ex-Dividend Reminder: Citigroup, WestAmerica Bancorporation and Independent Bank Group

Looking at the universe of stocks we cover at Dividend Channel, on 2/2/17, Citigroup Inc (NYSE: C), WestAmerica Bancorporation (NASD: WABC), and Independent Bank Group Inc. (NASD: IBTX) will all trade ex-dividend for their respective upcoming dividends.

 

Ex-Dividend Reminder: Janus Capital Group, Alexander & Baldwin and American Campus Communities

Looking at the universe of stocks we cover at Dividend Channel, on 2/2/17, Janus Capital Group Inc (NYSE: JNS), Alexander & Baldwin Inc. (NYSE: ALEX), and American Campus Communities Inc (NYSE: ACC) will all trade ex-dividend for their respective upcoming dividends.

 

Sysco Reaches Analyst Target Price

In recent trading, shares of Sysco Corp (NYSE: SYY) have crossed above the average analyst 12-month target price of $52.72, changing hands for $52.74/share.

 

Home Prices Climbed Another 5.6% In November, Says S&P/Case-Shiller

The rapid rise in home prices has continued unabated despite an increase in interest rates.

 

Under Armour’s Dim Outlook Is Stoking Fears About Growth

Shares were plummeting after the retailer missed quarterly earnings expectations and offered a soft outlook.

 

Wal-Mart Dominates But Amazon Is Catching Up – pg.1

The FORBES Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value. These companies are the biggest that occupy the retail space. 18 of the top retailing companies are based in the U.S. and 2 in the United Kingdom. The 2016 list features public companies from 63 countries that together account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of assets, and have a combined market value of $44 trillion. World’s 25 Largest Retail Companies In 2016 – pg.1

 

The Impact On PepsiCo’s Valuation If The Soft Drinks Division Increases Profitability

PepsiCo has faced increased pressure from activist investors to spin-off the beverages division. Now, while the beverages and snacks business almost have a 50-50 contribution to PepsiCo’s top line, the snacks division is seen as the cash cow for the food and beverages company.

 

Auto Parts Can Become A Revenue Driver For Amazon

Reports suggest that Amazon has entered into contracts with several large auto part makers in the U.S., as the company looks to sell these products directly to consumers. The do-it-yourself auto parts market is estimated to generate annual revenues of $50 billion and Amazon aims to et its share.

 

As Apple Results Loom, Options Market Forecasts 3.6% Stock Move

Traders appear to be positioning for a less violent stock move in Apple Inc. than has been typical after the world’s largest company by market value posts quarterly earnings after Tuesday’s closing bell.

 

Brexit & Beyond: Firms Vow to Stay in Post-Brexit Britain, Eurozone Grows Faster Than U.S.,​ Tusk Says U.S. Boosting Uncertainty for EU

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and

 




Some Very Special Sauce

Little did they know, but customers who uttered the phrase “there’s a Big Mac for that” during specific hours at certain McDonald’s restaurants could have made a sweet profit. Winners snagged 10,000 bottles of special sauce going for big bucks online.

 

Under Armour Short Sellers Are Up More Than $400 Million Today

Under Armour Inc.’s short-sellers just scored big time. They’re up more than $400 million on their open positions in the athletic-gear company’s stock.

 

How Much Can Cutting Federal Regulation Boost the U.S. Economy?

Financial markets and the White House are betting that a rollback of federal regulations can provide a significant boost to the U.S. economy. Research suggests that’s no sure thing.

 

Activism 101: Read Corporate Bylaws — Dealpolitik

A nasty fight between a small public real estate company and an activist demonstrates one of the most important rules for such investors: The fine print in corporate documents matters.

 

City’s Brexit Briefing: MPs Begin Article 50 Debate, Brevan Howard Sees $4 Billion Outflows

Download WSJ City for iPhone here or Android here. You’ll need to open this email on your mobile device to do this. And you can sign up to receiv

 

Stocks to Watch: Under Armour, Teva Pharma, Sprint

Among the companies with shares expected to trade actively in Tuesday’s session are Under Armour Inc., Teva Pharmaceutical Industries Ltd. and Sprint Corp.

 

Now Might Be a Good Time to Retire ‘Buy the Dip’

Investors may finally want to retire two of the most prevalent catch phrases of this bull market: “buy the dip” and “there is no alternative.”

 

GBP: Biggest 2-Week Rise In Almost 2 Years: What’s Next? – NAB

The British Pound has just enjoyed its best two-week performance since April 2015, with January 17th seeing the biggest one-day rally against the US Dollar in almost 8 years.This hasn’t been driven by uniformly strong economic data: whilst GDP growth in Q4 at 0.6% q/q was a tenth better than consensus estimates, retail sales in December

 

USD Into FOMC: Looking For A ‘Reprieve’ For USD? – BofA Merrill

We do not expect fireworks from the upcoming FOMC meeting. The Federal Reserve will be releasing its statement without a press conference or Summary of Economic Projections (SEP), which offers market participants less information to digest. We do not expect policy changes, with the FOMC holding rates at the 50-75bp range and maintaining the re

 

USD: Expect These Few Changes From The FOMC On Wed – Nomura

We expect the FOMC to keep the federal funds target unchanged at 0.50-0.75% at the conclusion of the 31 January –1 February meeting. The data on economic activity and inflation since the last meeting have been in line with expectations.We anticipate few changes in the FOMC’s statement overall:The paragraph on current economic condi

 

USD/CAD: Double Top: Awaiting Confirmation On A Weekly Close – Citi

USDCAD has failed twice just below 1.36 and has thus formed a double top.We are currently back below the 55 week moving average and below the rising trendline.If the pair stays below the double top neckline at 1.3082 on a weekly close basis, it will indicate a short term move down to 1.2575 Beyond the near term we have a decent gap to the 200

 

USD: 2-Way Risks But Prefer Tactical Longs Into NFP – TD

Two-way risks for the greenback have intensified following the one-way surge after the election.A mix of policy uncertainty and softer data (namely, GDP) are the main culprits, which is helping the major currencies consolidate against the USD. Trump’s executive order on immigration has captured most of the spotlight, owing to protests and out

 




How Far Can The Dollar Fall S/T? What Is The Trade? – SocGen

President Trump’s travel ban – and his associated decision to fire the acting Attorney General – dominates sentiment and remains good for Treasuries, the yen (and gold), but bad for bonds and the dollar. How long will market sentiment to be affected? How far can the dollar and yields fall on this?I’m not sure serious analysis is possib

 

US Dollar Index Channel Line is Still Useful

-DXY has ‘stair stepped’ lower to begin 2017. Something interesting happened on 1/30 though. The high for the day was on channel resistance that h

 

Crude Oil Year Open Provides Resistance

-Crude continues to thrash about in a sideways manner but perhaps a smash is upon us given the rejection at the year open last week. Remember, the sid

 

Gold Price Moving Average Cross and Hold

-“There are 2 levels to be aware of for possible resistance in gold; 1219 (38.2%) and near 1250 (50% and former support…including Brexit day low)

 

USD/JPY is Riding the 20 Day Average

-The last note remarked that “USD/JPY actually traded into 114.85 today before pausing. Bigger picture, the December low is a good spot for a base b

 

GBP/USD Re-Test Redux

-“The 20 day continues to hold and GBP/USD has broken through early month resistance just above 1.2400. This level was actually support today (1/24)

 

EUR/USD – What Type of Wedge?

-I wrote last updates that “I don’t feel strongly one or the other at these levels but levels to note are 1.0654, 1.0517, and 1.0460s.” EUR/USD

 

USD/CHF First 200 Day Average Touch Since the US Election

-The last Swissie update noted that “weakness below .9960 probably opens up .9885, which might be more important given the proximity of the Septembe

 

USD/CAD – Next Level Looks Like Mid-1.2800s

-“Top for the move was 1.3388, just above the 61.8% of the drop from 12/28. Today’s low is at the 200 day average. USD/CAD is stuck between 2 big

 

NZD/USD Old Channel Line Comes into Play

-I’m always on the lookout for former supports (whether horizontal or slope) to provide resistance and vice versa. Basically, be aware of potential

 

AUD/USD Resumes Higher on Back of Former Resistance Providing Support

-There is no change to AUD/USD comments, which continues to hold up. “Aussie weakness continues to hold the December high (former support providing

 

Crude Oil Price Forecast: Stability Appears Bullish

Momentum has slowed at the start of the month for Crude Oil, which is in sharp contrast to January 2016. However, the post-Jan move could

 




NZD/USD Breakout or Fake-out? NZ Employment to Offer Cues

A breach above confluence resistance is in questions heading into the regions 4Q jobs report. Here are the updated targets & invalidation levels that matter.

 

Euro Pops Higher As Trump’s Trade Advisor Says It’s Grossly Undervalued

Germany is using a “grossly undervalued”Euro to gain advantage over its trading partners, according to Peter Navarro, who heads Donald Trump’s new National Trade Council.

 

Stronger New Zealand Job/Wage Growth to Fuel NZD/USD Breakout

New Zealand’s 4Q Employment report may fuel the near-term breakout in NZD/USD should the data highlight an improved outlook for growth and inflation.

 

USD, Cable, USD/JPY Run to Support Ahead of Fed, BoE, NFP

With a heavy economic calendar in the remainder of the week, many key markets find current price action near long-term support levels. Will the Fed’s

 

ECB to Look Through Stronger Euro-Zone Economic Data

A raft of stronger figures from the Euro-Zone and Germany, its largest economy, is unlikely to persuade the European Central Bank to withdraw any of

 

Gold Prices Rebound Ahead of FOMC Rate Decision

After declining last week from yearly highs, Gold prices are beginning to rebound ahead of tomorrow’s FOMC rate decision. Expectations for the event are set

 

US Dollar (DXY) Hanging on by a Thread – What’s Next?

US yields remain stable, but the combination of a weaker greenback and firmer Gold prices means US political risk is rising.

 

Stocks Remain Mostly Negative In Mid-Day Trading – U.S. Commentary

After coming under pressure early in the session, stocks remain mostly negative in mid-day trading on Tuesday. With the drop on the day, the major averages are adding to the losses posted in the previous session.

 

Stocks Move Lower On Disappointing Earnings News – U.S. Commentary

While selling pressure has waned from early in the session, stocks remain mostly negative in morning trading on Tuesday. The major averages have moved to the downside on the day, adding to the losses posted in the previous session.

 

Chicago Business Barometer Unexpectedly Drops To 50.3 In January

Chicago-area business activity was nearly flat in the month of January, according to a report released by MNI Indicators on Tuesday. MNI Indicators said its Chicago business barometer dropped to 50.

 

U.S. Consumer Confidence Index Pulls Back Off 15-Year High In January

After reporting U.S. consumer confidence at a fifteen-year high in the previous month, the Conference Board released a report on Tuesday showing a drop in consumer confidence in the month of January.

 

Tenax Therapeutics Inc. (TENX) Has Plunged To A New Low On Phase 3 Study News

Tenax Therapeutics Inc. (TENX) announced Tuesday morning that its Phase 3 LEVO-CTS trial did not achieve statistically significant reductions in the dual endpoints of the study.

 




Danaher Corp. (DHR) Has Jumped To A 5-Month High After Q4 Profit Beat

Danaher Corp. (DHR) reported fourth quarter EPS of $1.05 Tuesday morning, compared to $0.91 in the prior year. The consensus estimate was for EPS of $1.03. Danaher gapped open sharply higher Tuesday morning and is now up 2.

 

Sanmina Corp. (SANM) Has Surged To A New High On Strong Q1 Earnings

Sanmina Corp. (SANM) reported first quarter EPS of $0.75 after the bell Monday, up from $0.58 last year. Analysts expected EPS of $0.67. Sanmina gapped open sharply higher Tuesday morning and is now up 3.

 

Sanmina Corp. (SANM) Has Surged To A New High On Strong Q1 Earnings

Sanmina Corp. (SANM) reported first quarter EPS of $0.75 after the bell Monday, up from $0.58 last year. Analysts expected EPS of $0.67. Sanmina gapped open sharply higher Tuesday morning and is now up 3.

 

United Parcel Service (UPS) Is Sinking After Q4 Profit Disappoints

United Parcel Service (UPS) reported fourth quarter EPS of $1.63 Tuesday morning, compared to $0.57 in the previous year. The consensus estimate was for EPS of $1.

 

India Govt. Says Demonetization To Trim FY17 Growth By 25-50 Basis Points

The Indian government on Tuesday said the economic growth for the fiscal year ending March 31 would be hurt by the currency demonetization announced in November last year, but expects growth to return to normal once the cash supply is replenished.

 

Under Armour Inc. (UA) Has Plunged To A New Low After Q4 Miss

Under Armour Inc. (UA) reported fourth quarter EPS of $0.23 Tuesday morning, down from $0.24 a year ago. Analysts expected EPS of $0.25. The company also announced that its Chief Financial Officer, Chip Molloy, has decided to leave the company due to personal reasons.

 

Futures Pointing To Continued Weakness On Wall Street

The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to extend the downward move seen in the previous session. Negative sentiment has been generated by disappointing earnings news from ExxonMobil (XOM), as the oil giant reported fourth quarter results that came in below analyst estimates.

 

Stocks May See Further Downside In Early Trading – U.S. Commentary

Stocks may come under pressure in early trading on Tuesday, extending the downward move seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 41 points.

 

Exxon Mobil Q4 Profit Down 40%, Results Miss View

Oil company Exxon Mobil Corp. on Tuesday reported a 40 percent decline in profit for the fourth quarter from last year, reflecting an impairment charge and weak refining margins that more than offset higher revenues.

 

Mastercard Q4 Profit Increases, Beats Estimates

Mastercard Inc. (MA) Tuesday announced an increase in fourth quarter net profit to $933 million from $890 million in the prior year. On a per share basis, earnings climbed to $0.

 

UPS Sees FY17 Earnings Below Estimates – Quick Facts

While reporting its fourth-quarter financial results today, United Parcel Service (UPS) forecast fiscal 2017 earnings below analysts’ estimates. For fiscal 2017, UPS expects adjusted earnings per share of $5.

 

Wall Street Set To Open Lower

As investors chew over Trumps’ immigration ban and removal of the Attorney General, the market’s focus is on a set of major economic data to be revealed today. U.

 




Opus Bank (OPB) Tumbled To Over A 2-Month Low After Q4 Loss

Opus Bank (OPB) reported a fourth quarter loss of $0.55 per share Monday morning, compared to the profit of $0.50 per share last year. Opus Bank gapped down sharply Monday and spiked lower in early trade.

 

Pentair Q4 Adj. Profit Beats Estimates – Quick Facts

Pentair plc (PNR) reported fourth-quarter net income of $131.0 million or $0.71 per share, compared to net loss of $453.3 million or $2.52 per share in the prior-year quarter.

 

Eurozone GDP Growth Gains Strength; Inflation Accelerates

Eurozone economy expanded at a slightly faster pace at the end of 2016, while a surge in energy prices led inflation to a four-year high, raising questions about the degree of stimulus that is actually needed for the currency bloc.

 

Ocera Therapeutics Inc. (OCRX) Sank To A New Low On Phase 2 Study Results

Ocera Therapeutics Inc. (OCRX) announced Monday morning that the results of its Phase 2b study of Ornithine Phenylacetate were not statistically significant in terms of the primary and secondary endpoints.

 

Booz Allen Hamilton (BAH) Fell To Over A 2-Month Low On Q3 News

Booz Allen Hamilton (BAH) announced Monday morning that its third quarter revenues increased by 7.4 percent to $1.40 billion. Booz Allen Hamilton gapped open lower Monday and dropped sharply in the first half hour of trade.

 

Tempur Sealy International (TPX) Plunged To A New Low After Contract Terminated

Tempur Sealy International (TPX) announced Monday morning that Mattress Firm Holdings (MFRM) has notified the company that it will terminate all of their contracts with the company.

 

Consol Energy Mulls Options For Coal And E&P Business Separation – Quick Facts

While reporting its fourth-quarter financial results today, Consol Energy Inc. (CNX) said it is pursuing several different approaches for achieving the separation of its coal and E&P business as early as 2017.

 

Calithera Biosciences Inc. (CALA) Surged To A 10-Month High On Incyte Deal

Calithera Biosciences Inc. (CALA) announced Monday morning that it has entered into a global collaboration and license agreement with Incyte Corp. (INCY) to develop and commercialize CB-1158.

 

Eli Lilly Q4 Profit Misses, But Revenues Beat

Drug maker Eli Lilly and Co. on Tuesday reported a 61 percent increase in profit for the fourth quarter from last year, reflecting higher revenues and lower acquired in-process research and development charges.

 

Ireland Jobless Rate Falls Further In January

Ireland’s unemployment rate decreased for the seventh successive month in January, though slightly, figures from the Central Statistics Office showed Tuesday. The seasonally adjusted jobless rate dropped to 7.

 

Walt Disney (DIS) Broke Out To A New High Following Upgrade

Morgan Stanley upgraded its rating on shares of Walt Disney (DIS) Monday morning to “Overweight” from “Equal weight.” Walt Disney was range-bound for the bulk of Monday’s session, but climbed during the final 2 hours of trade.

 

Ixia (XXIA) Jumped To A New High After Bought By Keysight Technologies

Ixia (XXIA) announced Monday morning that it has agreed to be acquired by Keysight Technologies Inc. (KEYS) for approximately $1.6 billion. Ixia gapped up sharply Monday, but moved in a narrow range throughout the session.

 

Spain Inflation Highest Since October 2012

Spain’s consumer price inflation accelerated further in January to its highest level in more than four years, preliminary figures from the statistical office INE showed Tuesday.

 

IPG Photronics Corp. (IPGP) Surged To A New High After Q4 Guidance Boost

IPG Photronics Corp. (IPGP) announced Monday morning that it expects to report fourth quarter revenue of approximately $280 million and EPS of $1.39 to $1.42, including a benefit of $0.

 

Austria GDP Expands At Steady Pace In Q4

Austria’s economy expanded at a stable pace in the three months ended December, preliminary figures from the Austrian Institute of Economic Research (WIFO) showed Tuesday.

 

Sensex Gives Up 193 Points Ahead Of Budget; Nifty Ends At 8561

Indian shares fell notably on Tuesday after the Economic Survey tabled in the Parliament lowered India’s GDP growth estimate for the current fiscal year to 6.5 percent, down from 7.

 

Eurozone Inflation At 4-year High, Core Figure Steady

Eurozone inflation accelerated strongly in January, mainly led by energy prices, to exceed economists’ expectations, while the core figure held steady, preliminary data from Eurostat showed Tuesday.

 

Italy Jobless Rate Remains Stable In December

Italy’s unemployment rate held steady in December, after rising in the previous month, the statistical office Istat reported Tuesday. The jobless rate came in at 12.

 

Hennes & Mauritz Q4 Profit Climbs, Sees Sales Growth In FY17; Stock Up

Shares of Hennes & Mauritz AB were gaining around 6 percent in the morning trading after the Swedish retailer reported Tuesday significant earnings growth in its fourth quarter with strong sales.

 

Danaher Earns $1.05 per Share Crossing Wall Street

This morning, Danaher (DHR) reported Q4 earnings of $1.05 per share. That beat estimates by two cents per share. Quarterly revenue rose 6% to $4.6 bil

 

‘I am expecting disaster’: Concern about Trump’s import tax is spreading beyond the border region

“Our sales have fallen around 20%,” a store manager in Arizona said. “The lack of Mexican shoppers this weekend was noticeable.”

 

STOCKS SLIDE: Here’s what you need to know

Stocks fell once again after weak earnings and political upheaval.

 




LIVE: Apple earnings

Apple beat on the top and bottom lines when it reported first fiscal quarterly earnings on Tuesday.

Here are the numbers you need to know:

Apple als

 

‘It’s all mental with him’: Warren Buffett’s late wife revealed why it took the billionaire so many years to start giving away his fortune

In the new HBO documentary, “Becoming Warren Buffet,” the billionaire’s late first wife said that business was his top priority.

 

The clearest articulation of what Trump wants to do to America’s economy comes from one person

There is one voice coming from the White House that clearly articulates the direction in which it wants this country to head, economically.

 

Short sellers are piling into Tesla

Short sellers are setting their sights on Tesla.

Data compiled by S3 Partners shows short interest now makes up more than 35% of the float, or share

 

What you need to know on Wall Street right now

Finance Insider is Business Insider’s midday summary of the top stories of the past 24 hours.

 

Susan Buffett reveals the surprising way she found out that her dad, Warren Buffett, was rich

Warren Buffett’s daughter said she was raised modestly and her parents never spoke of finances while she was growing up.

 

The 6 biggest things to look for in Snap’s IPO filing this week

Snapchat parent company Snap Inc. is planning to make its initial public offering filing public this week. There are some big questions about its businesses.

 

AETNA CEO: We may ditch all Obamacare markets next year ‘given the unclear nature’ of the law

Aetna CEO Mark Bertolini said the company is likely getting out of the Affordable Care Act’s exchanges in 2018.

 

Here’s what could save Chipotle (CMG) | 01/31/17 | Markets Insider

Chipotle has been struggling since the E. coli contamination scare started back in November 2015.

The stock tumbled more than 50% and consumer perce

 

Merkel fires back at the Trump team on the euro

German Chancellor Angela Merkel responds to President Donald Trump’s trade adviser’s comments on the “grossly undervalued” euro.

 

Coach is teaming up with Selena Gomez to gain access to her 108 million Instagram followers (COH) | 01/31/17 | Markets Insider

Coach plans to use social media to boost its brand in 2017. On its second quarter earnings call, the company announced it is partnering with pop star

 

Senate Democrats just made a stunning move to delay votes on Trump’s Cabinet nominees

At least one Democrat needed to attend to have a vote on Steve Mnuchin and Tom Price.

 




Trump’s clumsiness makes the Fed’s job easier

The Fed meets this week to set interest rates, but investors are almost too busy figuring out what a Trump presidency means for the economy to pay attention.

 

Apple slides ahead of earnings (AAPL) | 01/31/17 | Markets Insider

Apple trades down 0.44% at $121 a share ahead of its fiscal first-quarter earnings that are due out on Tuesday afternoon.

Here’s what Wall Street ex

 

Americans are feeling less confident about the job market

The latest reading on US consumer confidence from the Conference Board.

 

Under Armour’s dominance ‘has come to an end’

Under Armour’s status as the golden child of athletic retail may be ending.

 

Chicago PMI misses big

Business activity in the Midwest is fell January, with the Chicago Purchasing Manager’s dropping to 50.3 from a downwardly revised 53.9.

Tuesday’s re

 

Gold spikes after Trump says other countries take advantage of the US by devaluing their currencies

Gold is up 1.4% at $1,212 per ounce following a series of comments from the Trump administration that zeroed in on the foreign exchange market.

Early

 

Dow drops triple-digits again despite bullish broader market breadth

The Dow Jones Industrial Average DJIA, -0.54% may have slumped 107 points, the second-straight triple-digit loss, but market internals showed that the

 

Electronic Arts volatile following third-quarter results

Shares of Electronic Arts Inc. EA, -0.49% were volatile in Tuesday’s extended session after the video game publisher behind such popular titles as Bat

 

Anadarko shares lower after company reports wider-than-expected Q4 loss

Shares of Anadarko Petroleum Corp. APC, +1.02% drifted lower late Tuesday after the energy company reported a wider-than-expected adjusted per-share l

 

U.S. stocks preserve monthly gains amid selloff

U.S. stocks finished January higher on Tuesday despite a two-session selloff following a controversial immigration ban from President Donald Trump. Th

 

Oil closes higher, but ends in the red in January as output jitters weigh

Oil futures on Tuesday settled modestly higher, but registered a monthly drop as investors wrestled with the possible effect President Donald Trump ma

 

Gold futures mark largest monthly gain since June

Gold futures climbed Tuesday to tally a monthly gain of roughly 5.2%–their largest such gain since June. A sharp decline in the U.S. dollar DXY, -0.7

 




Uber partners with Mercedes-Benz parent Daimler on self-driving cars

Uber Technologies Inc. announced a partnership with German automaker Daimler DAI, -1.56% Tuesday in which Daimler will manufacture self-driving cars f

 

ACLU to join startup accelerator Y Combinator

The American Civil Liberties Union will be a part of startup accelerator Y Combinator, the accelerator announced Tuesday. The ACLU will be a nonprofit

 

Macy’s downgraded on concerns about long-term sales pressure

Macy’s Inc. M, +0.07% shares are down 1.7% in Tuesday trading after the retailer was downgraded to neutral from buy at Buckingham Research Group on co

 

Senate Democrats blocking votes on Trump cabinet picks Mnuchin, Price

WASHINGTON (MarketWatch) — Senate Democrats on Tuesday boycotted scheduled votes in the Senate Finance Committee on Steven Mnuchin, President Donald

 

Caterpillar to create global headquarters in Chicago, maintain presence in Peoria

Heavy-equipment maker Caterpillar Inc. CAT, -1.17% said Tuesday it will relocate a number of senior executives and support staff to the Chicago area l

 

Trump says drug prices are ‘astronomical’

WASHINGTON (MarketWatch) — President Donald Trump on Tuesday said drug prices are “astronomical” as he said he will soon name a nominee to head the F

 

U.S. stocks open lower on continued political uncertainty

U.S. stocks opened lower on Tuesday as investors continued to grapple with political uncertainty stemming from the newly inaugurated President Donald

 

Signet Jewelers’ senior executive reorganization includes retirement of long-time executives

Signet Jewelers Ltd. SIG, -1.88% announced tuesday an organizational shake up that included the retirement of its chief operations officer and the cre

 

Oprah Winfrey is heading to CBS’s ’60 Minutes’ as a special contributor

The multi-hyphenate former host of the “The Oprah Winfrey Show,” Oprah Winfrey is adding another title to her resume, joining CBS Corp.’s CBS, +0.14%

 

HCA Holdings stock surges nearly 5% on Q4 earnings beat, upbeat 2017 outlook

HCA Holdings Inc. HCA, +1.25% shares surged 4.6% in pre-market trade Tuesday after the company reported a fourth-quarter earnings beat and an upbeat 2

 

DryShips’ stock soars on heavy volume after $200 million equity investment

Shares of DryShips Inc. DRYS, +105.28% soared 32% in active premarket trade Tuesday, after the troubled drybulk shipping company disclosed an equity i

 

Mastercard shares suffer following company’s Q4 earnings report

Mastercard Inc. MA, -2.72% shares fell more than 2% in premarket trade on Tuesday. The credit and debit card company reported fourth-quarter profit ju

 




Exxon Mobil misses on fourth-quarter earnings

Shares of Exxon Mobil XOM, -1.14% were down less than 1% in premarket trade Tuesday after the company missed fourth-quarter earnings expectations. The

 

UPS’s stock slumps after profit and sales miss, and downbeat outlook

United Parcel Service Inc.’s stock UPS, -6.75% slumped 3.4% in premarket trade Tuesday, after the package-delivery giant missed fourth-quarter profit

 

Sprint posts a wider Q3 loss, but adds highest number of mobile phone customers in 4 years

Sprint Corp. S, +1.32% reported a wider loss for its fiscal third quarter on Tuesday than previously expected. The mobile phone provider posted a net

 

Under Armour’s stock plunge on track for biggest-ever one-day loss

Under Armour Inc.’s Class A shares UAA, -25.74% plunged 26.9% toward a three-year low in active premarket trade Tuesday, after the athletic apparel an

 

USD Price Action Setups Pre-FOMC, NFP

– In this webinar, we used price action to analyze USD-markets ahead of a heavy batch of data. Tomorrow brings the Federal Reserve, followed by a pivotal Ban…

 

Forex : U.S. Consumer Confidence Coverage with David Song

Join DailyFX Currency Analyst David Song to cover the U.S. Consumer Confidence survey. #news #USD @DavidJSong

 

DAILY FX European market update: Dollar Index dips below 100

Talking Points: – Sterling poised for its best January. – EURO Zone GDP – FTSE performance European markets were higher across the board on Tuesday, feeding …

 

WTI US production offsets OPEC cut deal

FXStreet Chief Analyst Valeria Bednarik explains WTI US production offsets OPEC cut deal. Watch full analysis: https://www.youtube.com/watch?v=XYJGWSa-SD0

 

AUD/USD stuck in a 0.75/0.76 range, limited downward scope

FXStreet Chief Analyst Valeria Bednarik explains AUD/USD stuck in a 0.75/0.76 range, limited downward scope. Watch full analysis: https://www.youtube.com/wat…

 

USD/JPY risk remains towards the downside, 110.00 becoming more likely

FXStreet Chief Analyst Valeria Bednarik explains USD/JPY risk remains towards the downside, 110.00 becoming more likely. Watch full analysis: https://www.you…

 

GOLD still FED dependent

FXStreet Chief Analyst Valeria Bednarik explains about Gold. This commodity is still FED dependent Watch full analysis: https://www.youtube.com/watch?v=XYJGW…

 

GBP/USD data weighs, BOE a non-event, spikes still seen as selling opportunities

FXStreet Chief Analyst Valeria Bednarik explains GBP/USD. Data weighs, BOE a non-event, spikes still seen as selling opportunities. Watch full analysis: http…

 




EUR/USD, major resistance at 1.0840, break beyond required to confirm the bullish case

FXStreet Chief Analyst Valeria Bednarik explains EUR/USD, major resistance at 1.0840, break beyond required to confirm the bullish case. Watch full analysis:…

 

USD/JPY and AUD/USD Forecast February 1, 2017

The US dollar fell during the day on Tuesday, slicing below the 112.50 level. There is support underneath there and extending down to at least the 112 level,…

 

EUR/USD and GBP/USD Forecast February 1, 2017

The EUR/USD pair broke higher during the session on Tuesday, clearing the 100-day exponential moving average. A break above the top of the candle should then…

 

WTI Crude Oil and Natural Gas Forecast February 1, 2017

The WTI Crude Oil market initially fell during the session on Tuesday, and then broke higher and reached towards the $53.50 level which of course was resista…

 

S&P 500 and NASDAQ 100 Forecast February 1, 2017

The S&P 500 falling during the session on Tuesday shows that we still have a bit of exhaustion in the market, but I think there is more than enough support a…

 

Fulcrum Utility Services ‘growing the top line’

31 January 2017: Debt free, and with £12 million of cash on the balance sheet, the CEO of Fulcrum Utility Services Martin Donnachie says the plan is to expan…

 

Facebook: can Zuckerberg deliver record numbers AGAIN?

31 January 2017: Having beaten expectations on each of the prior five quarters, can Facebook make it another upside surprise? Jeremy Naylor looks at the pote…

 

Cheer Up

Adage:

An investment in knowmedge always pays the best interest.

Have a nice trading!




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